Nomura Holdings-backed crypto custodian Komainu is making its first acquisition

Cointime2024/10/22 00:39

By: Cointime

Komainu, a cryptocurrency custody company supported by Nomura Holdings, is acquiring its Singaporean competitor, Propine Holdings Pte Ltd., in its first acquisition. Komainu's co-CEO, Paul Frost-Smith, stated in an interview that the acquisition of Propine is awaiting approval from the Monetary Authority of Singapore, and he declined to disclose the price of the acquisition. Frost-Smith also mentioned that Komainu will apply for a Major Payment Institution license in Singapore, which will allow the company to provide comprehensive payment services. He stated that the company sees a growing demand for advisory services from Singaporean private banks and collateral management services from hedge funds and other asset management companies.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14

New spot margin trading pair — LINEA/USDT!

Bitget Announcement•2025/09/11 10:04

Nomura Holdings-backed crypto custodian Komainu is making its first acquisition

You may also like

Trending news

Crypto prices